Visual volume at bid and ask

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • #128849 quote
    Aboudy
    Participant
    New

    Hi all

    I’m new to Prorealtime/Prorealcode.  So far very impressive.  One valuable indicator that appears to be missing is a visual representation of volume at the bid and ask price in real time (note, I’m not referring to a normal T&S/Tick indicator).  It’s especially useful for day trading and gives a strong view of demand/supply imbalance.

    Basically, the indicator charts all the volume traded at the ask and all the volume traded at the bid for each candle/time period.  So essentially, total volumes traded at the Ask are shown as an up bar and total volumes traded at the Bid are shown as a down bar for each candle/time period.  More volume traded at the Ask=more demand and more traded at the Bid=more supply.

    The YouTube video link explains what I’m talking about: https://www.youtube.com/watch?v=2lIObt3AGOM

    Screenshot below:

    An alternative to this is to colour code each volume bar for a time period so that volume on the Ask is is green and volume on the bid is in red as per the screenshot below:

    As this is a daytrading tool, it needs to happen in real time.  Any thoughts/ideas should be appreciated.

    Thanks

    #128946 quote
    Nicolas
    Keymaster
    Master

    Sorry but that ain’t possible to get the separated Bid.Ask Volumes with custom coding.

    #200536 quote
    Malefakis
    Participant
    New

    And what are you waiting for to make this upgrade in the new version 12? Are you going to improve the code so that retailers can design trading models based on this critical data or are you not interested for the moment?

    #200597 quote
    Nicolas
    Keymaster
    Master

    Some coders are used to create such indicators with separated volume from Bid/Ask.

    You can find examples on their stores:

    https://market.prorealcode.com/store/volume-profile-solutions/

    https://market.prorealcode.com/store/horus/

Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.

Visual volume at bid and ask


ProBuilder: Indicators & Custom Tools

New Reply
Author
author-avatar
Aboudy @aboudy Participant
Summary

This topic contains 3 replies,
has 2 voices, and was last updated by Nicolas
3 years, 5 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 04/29/2020
Status: Active
Attachments: 2 files
Logo Logo
Loading...